Final answer:
A customer statement confirms the amount still owed by the customer, acting as a control and record of account status, and is analogous to how credit card transactions are short-term loans from the credit card company to the user.
Step-by-step explanation:
A customer statement serves as a control by confirming with the customer the amount still owed. This financial document outlines all the transactions that have occurred over a certain period of time, including any charges and payments, providing both the business and the customer with a clear record of the account status.
When a customer uses a credit card, the process involves an immediate transfer of funds from the credit card company's checking account to the seller, with the understanding that the user will repay this short-term loan to the credit card company at the end of the billing cycle.